| 2020-TIOLCORP-63-NCLAT Sagar Sharma Vs Phoenix Arc Pvt Ltd
Whether if Corporate Debtors have committed default prior to Sept 09, 2014, much before assignment of debt, application u/s 7 of I&B Code is barred prior to Sept 09, 2017- YES : NCLAT
- Appeal allowed: NCLAT
2020-TIOLCORP-62-NCLAT
Amitabh Kumar Jha Vs Bank Of India
Whether Inter-Creditor Agreement forming the consortium, cannot bar an individual Creditor form enforcement of rights against Corporate Debtor by triggering Insolvency Resolution Process' in event of default of debt without the consent of other lenders - YES : NCLAT
Whether statutory right u/s 7 of I&B Code can be made subservient to any ‘Inter-Creditor Agreement' - NO: NCLAT
- Appeal dismissed: NCLAT |
